Who launched a Bad Bank with all the regulatory approvals in place in India?

July 20, 2021

Who launched a Bad Bank with all the regulatory approvals in place in India?

A. RBI

B. World Bank

C. Central Government of India

D. All of these

The Central Government of India launched a Bad Bank with all the regulatory approvals in place.

Explanation:

In February, state-run Punjab National Bank (PNB) put its entire 10.01% stake in Arcil, one of India’s oldest ARCs with assets worth ₹12,000 crore under management, for sale. This was followed by private lender IDBI Bank, which, too, has begun looking for a buyer to sell its 19.18% stake in Arcil.